Artificial intelligence in the manufacturing market is steadily growing at a CAGR of 49.5%to 2025 and will reach the US $ 17.2 billion
The latest report, “Artificial Intelligence in the Manufacturing Market,” provides key insights and provides a competitive advantage to clients through a detailed report. The report contains 184 pages that showcase the current market analysis scenarios, prospects, prospects, revenue growth, price, and profitability. The unique data provided in this report is collected by a team of research and industry experts.
Artificial intelligence in the manufacturing market is expected to grow from the US $ 1.0 billion in 2018 to US $ 17.2 billion by 2025, growing at a CAGR of 49.5% over the forecast period. The report spans 184 pages, profiling 10 companies and supporting 61 tables and 48 statistics.
Key Players — NVidia Corporation (US), IBM Corporation (US), Alphabet Inc. (Google) (US), Microsoft Corporation (US), Intel Corporation (US), AWS (US), Site Machine (US), Siemens AG (Germany), and General Electric Company (US).
“Hardware segment that sees the highest growth rate among other offerings in the forecast period”
The growing need for high computing power platforms to run various AI software will accelerate the growth of hardware devices in the manufacturing market. The AI processor in the manufacturing market is segmented based on hardware in memory and network. North America has a large presence of major companies contributing to the AI sector and has made the region a major market for AI hardware.
“Machine learning to have the largest market after computer vision in AI manufacturing market”
Its ability to collect and manage big data and its applications in various manufacturing applications, such as manufacturing analytics and machine inspection, quality control and cybersecurity, is fueling its growth. Increasing computer vision in applications such as industrial robots, quality control, and physical mobility will advance the growth of this technology in AI in the manufacturing market. Computer vision analyzes the information of different geometric shapes, volumes, and patterns, and provides visual feedback to the user, which can be used to draw inferences.
“Automobile industry holds the largest market in the forecast period”
The automobile industry is expected to have the largest volume of AI in the manufacturing market over the forecast period. The widespread use of AI technology, particularly machine learning and computer vision in the field of machine inspection, installations of industrial IoT and the use of big data, are driving the growth of AI in the manufacturing market for the automobile industry. In addition, to reduce costs and improve vehicle production quality, automobile manufacturers have begun to use computer vision and machine learning technologies.
Objectives of the study:
To analyze the joint ventures, collaborations, agreements, agreements, partnerships, mergers & acquisitions, new product developments and competitive developments in Research and Development (R&D) in AI in the manufacturing market.
To profile key players and to comprehensively analyze their market position in terms of ranking and core competencies, describe the competitive landscape for market leaders.
To describe and evaluate Artificial Intelligence (AI) in the manufacturing market, in terms of value, offering, technology, application and industry.
To describe and forecast AI in regional-North America, Europe, Asia Pacific (APAC) and Rest of the World (Row) wise manufacturing market.
To provide comprehensive information on the major factors influencing the market growth (drivers, controls, opportunities, and challenges).
Strategically analyze micro markets with respect to personal growth trends, opportunities, and contributions to the entire market.